In addition to paying the down payment, buying a house will cost a lot later, so many people will plan ahead. How much is the down payment and monthly payment for a 400,000 house? Let's do the math together!
How much is the down payment and monthly payment for a 400,000 house?
The down payment for the first suite of 400,000 yuan is 6.5438+0.2 million yuan, and if it is a loan, it needs to pay 280,000 yuan. The monthly payment depends on the loan method. If you choose a commercial loan, the loan principal is 280,000 yuan and the term is 20 years. Choose the repayment method of equal principal and interest, with a monthly repayment of 2096 yuan; It is estimated that the total principal and interest will be 503,000 yuan. If you choose the repayment method in average capital, you will repay 2695 yuan per month, and then reduce the 6.4 yuan every month. It is estimated that the total principal and interest will be 464,000 yuan.
How to calculate the down payment and monthly payment of the house?
First, the house down payment
Total house price-loan amount = down payment for the first suite. Contract price (market price) ×80%= loan amount. According to the implementation standard of the first suite, the down payment ratio of commercial loans for new houses is 30%, the down payment ratio of provident fund loans with the first suite area less than or equal to 90_ shall not be less than 20%, and the down payment ratio of housing provident fund loans with the area greater than 90_ shall not be less than 30%.
Second, the house monthly payment
1, equal repayment of principal and interest
At the beginning of equal principal and interest repayment, the interest is more than the principal, and then the interest payment is gradually reduced and the principal is increased, which is more suitable for people with low income and little savings. Because the monthly repayment amount is the same, the monthly payment pressure is small, and the quality of life can also be guaranteed, which will not be reduced because of the loan. The formula is: [loan principal × monthly interest rate ×( 1+ monthly interest rate )× repayment months ]≤[( 1+ monthly interest rate )× repayment months]; In which symbols represent power.
2. Repayment by average capital
The average capital repays the loan principal in equal amount every month, but the monthly interest will decrease month by month; The total repayment interest is less than the equal principal and interest, which is more suitable for people with high income and certain savings. The calculation formula is: monthly repayment amount = (loan principal/repayment months)+(principal-accumulated amount of repaid principal) × monthly interest rate.
The calculation formula of equal principal and interest: [loan principal× monthly interest rate× (1+monthly interest rate )× repayment months ]⊙[( 1+ monthly interest rate )× repayment months]; In which symbols represent power.
Bian Xiao concluded: I have introduced the down payment and monthly payment of 400,000 houses here, hoping to help you.
Enter the area and get the decoration quotation for free.
Enter the area and get the decoration quotation for free.